spot gold had risen in the short term, once again reaching a record high of 2356.06 US dollars/ounce. Wall Street investment banks all pointed out in their reports that gold price trends cannot be analyzed according to previous pricing models, so who is the “mysterious force” that is drivi...
Making apples-to-apples comparisons of value here is awkward. Even the chart above is a bit oversimplified. If theprice of an ounce of goldis $1,700 and one BTC is $20,000, you might say Bitcoin is "worth more"—but those standard units are a bit arbitrary. Totalmarket capitalizationc...
The “voracious” rate of buying has helped bullion prices defy surging bond yields and a strong dollar to trade just shy of $2,000 a troy ounce. Surging consumer prices and depreciating currencies in many markets has triggered a rush togoldas a store of value, while the yellow metal has...
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The price of gold is hovering near a record high. But should investors buy in now or wait for the price to fall?
The latest central bank gold purchase figures are out, and they show that central banks just set a record for the amount of gold they've purchased over the first 3 quarters of a year. This comes on the heels of last years historic level of central bank gold buying, yet shows that the...
Spot gold gained 1.2% to $2,665.39 per ounce. U.S. gold futures added 1.1% to $2,688.40. "The most important factor is news that People's Bank of China reported that it again resumed its gold purchases ... the market is getting hopeful that we could see other central banks follow ...
up,” Kitco News said. “Still, the safe-have metals see little risk aversion in the global market place at present and that could limit the upside in the near term. August gold futures were last up $6.20 at $1,897.00 and July Comex silver was last up $0.129 at $28.025 an ounce....
Consider an investor who contacts his broker to buy two December gold futures contracts. Suppose that the current future price is 1,250 per ounce and the contract size is 100 ounces. The Initial Margin is 6000 per contract or 12000 in total. ...